Hundreds of new mines required to meet 2030 battery metals demand — IEA report
The report concludes the industry needs to build 50 more lithium mines, 60 more nickel mines and 17 more cobalt mines by 2030 to meet global net carbon emissions goals.
https://www.mining.com/hundreds-of-new-mines-required-to-mee…
C.
You wonder if battery recycling is factored into those numbers.
Battery service life is abt 7 yrs by estimates. By 2030 recycling is likely to be large. Then lithium demand etc falls to smaller steady state and growth numbers. The business is likely to become more competitive.
Investors should plan to recover costs in under 7 yrs.
" By 2030 recycling is likely to be large."
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Large - and quite expensive.
Consider the collection effort - dismantling - then extraction efforts.
Waste disposal.
Regulatory issues.
Howie52
Large - and quite expensive.
I’ve had bosses who say that’s an opportunity.
We shall see how it comes out. We already recycle lead acid batteries. Its probably a crime to put one in the trash.
With batteries worth thousands I suspect they will be easier to collect and reprocess than say plastics.
I’m sure people are working on the technology. They have some time. The main need is years away.
https://insideevs.com/news/525965/tesla-battery-recycling-no…
Tesla claims their batteries are 100% recycled with zero going to the landfill.
One of the early steps, as I’ve seen it elsewhere, is to grind it up. Then separation.
Rob
Former RB and BL Home Fool, Supernova Portfolio Contributor & Maintenance Fool
He is no fool who gives what he cannot keep to gain what he cannot lose.
I have heard that Tesla planned to repurpose used auto batteries in its energy storage program. Energy storage does not require the charge capacity that EVs do. This extends the service life of the battery and avoids the need to recycle.
With EV sales expanding rapidly, its likely the numbers to be recycled now is small but growing. Years ahead recycling will be important.
For what is worth: … Kilmer ain’t buying EV car! And rightly so, …
… hear him out:
Here’s Why I’ll Die Before I Buy an Electric Car
https://youtu.be/wOHNNZhwYU8
C.